Suspension of Participation in Certain Benefit Programs. The Participant’s or former Participant’s hardship distribution shall terminate his right to have the Employer make any Salary Deferral Contributions on his behalf until the next time Salary Deferral Contributions are permitted after (1) the lapse of six months after he receives a hardship distribution, and (2) his timely filing of a written request to resume his Salary Deferral Contributions. In addition, for six (6) months after he receives a hardship distribution from the Plan, the Participant or former Participant is prohibited from making elective contributions and employee contributions to or under all other qualified and nonqualified plans of deferred compensation maintained by the Employer. However, the Participant or former Participant is not prohibited from making contributions to a health or welfare benefit plan, including one that is part of a cafeteria plan within the meaning of section 125 of the Code.
Appears in 2 contracts
Sources: 401(k) Savings Investment Plan (Furmanite Corp), 401(k) Savings Investment Plan Amendment (Furmanite Corp)